Verition Fund Management LLC acquired a new position in shares of Nomad Foods Ltd (NYSE:NOMD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,739 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KBC Group NV bought a new stake in shares of Nomad Foods during the first quarter valued at about $130,000. Bank of New York Mellon Corp increased its position in shares of Nomad Foods by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 420,970 shares of the company’s stock worth $7,814,000 after purchasing an additional 30,549 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Nomad Foods by 37.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 29,551 shares of the company’s stock worth $548,000 after purchasing an additional 8,079 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Nomad Foods in the first quarter worth approximately $239,000. Finally, Trexquant Investment LP increased its position in shares of Nomad Foods by 49.3% in the first quarter. Trexquant Investment LP now owns 34,108 shares of the company’s stock worth $633,000 after purchasing an additional 11,256 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

NOMD opened at $25.45 on Wednesday. The stock has a fifty day simple moving average of $24.43 and a two-hundred day simple moving average of $21.30. The company has a current ratio of 1.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 23.56 and a beta of 0.81. Nomad Foods Ltd has a 12-month low of $14.08 and a 12-month high of $26.40.

Nomad Foods (NYSE:NOMD) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $599.00 million during the quarter, compared to the consensus estimate of $596.27 million. Nomad Foods had a return on equity of 9.69% and a net margin of 7.96%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, analysts predict that Nomad Foods Ltd will post 1.56 EPS for the current year.

NOMD has been the topic of several research analyst reports. TheStreet upgraded shares of Nomad Foods from a “c+” rating to a “b” rating in a research report on Tuesday, August 25th. Citigroup upped their target price on Nomad Foods from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. UBS Group upped their target price on Nomad Foods from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Investment Research raised Nomad Foods from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, June 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of Nomad Foods in a research note on Thursday, August 6th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.89.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, produces, markets, and distributes frozen foods in the United Kingdom, Italy, Germany, Sweden, France, Norway, Austria, Spain, and rest of Europe. The company offers fish products, including fish fingers, coated fish, and natural fish; vegetables, such as peas and spinach; and poultry and meat products comprising nuggets, grills, and burgers.

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Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

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